Handicrafts are loved by Americans and Japanese, Vietnam earns nearly 600 million USD

According to statistics from the Customs Department, by the end of August this year, the export turnover of rattan, bamboo, sedge and carpet products of our country reached 574 million USD, a slight increase of 5.4% over the same period last year.

The main export markets are still the US, Japan, Europe, India... Of which, the US holds the position of the largest customer buying this group of handicraft products from our country with a turnover of 266 million USD, accounting for 46.3% of the export turnover of this industry in the past 8 months.

Japan ranked second with a turnover of 37.7 million USD. In addition, the top 5 main export markets also included the UK (28.5 million USD), Spain (27.6 million USD) and India (21.57 million USD).

Last year, exports of this handicraft product group reached 804 million USD.

According to the Department of Forestry and Forest Protection ( Ministry of Agriculture and Environment ), Vietnam's bamboo and rattan products are the group of products with the highest export value among non-timber forest products. Along with China, Vietnam is one of the five largest bamboo and rattan exporting countries in the world.

Bamboo and rattan products are becoming increasingly popular worldwide, especially in interior design and home decoration. In particular, the interest in green living trends, using sustainable and environmentally friendly products is attracting consumers around the world and opening up production and business opportunities for enterprises and craft villages in our country.

According to the Vietnam Handicraft Export Association, in the past 5 years, customers from the US, Europe, Japan... have come to our country to visit factories more and more and the number of orders has increased.

factory Vietnamese rattan, bamboo and sedge handicrafts are popular with customers in many countries. Photo: Viet Hoa

The reason is that Vietnamese rattan, bamboo, sedge, and carpet products have aesthetic value, good quality, and competitive prices compared to handicrafts from Indonesia, Thailand, Malaysia, etc.

Notably, in Europe, consumers increasingly prioritize unique, environmentally friendly products with cultural identity. In particular, the Millennials (Gen Y), a group that accounts for 45% of the market share, and more than 70% of urban consumers prioritize choosing handmade products.

The Vietnam Handicraft Export Association believes that our country's rattan and bamboo industry can potentially account for 10-15% of the world market share and export turnover is estimated to grow at an average of 29.5% per year.

As the global bamboo market size is expected to reach nearly 83 billion USD by 2028, rattan and bamboo could bring in billions of USD for Vietnam.

Source: https://vietnamnet.vn/hang-thu-cong-duoc-nguoi-my-nhat-yeu-thich-viet-nam-thu-ve-gan-600-trieu-usd-2442773.html